Tu Xiaoer, a wholesale distributor of hotel linens, announced on May 7 that it has raised hundreds of millions of yuan in its A round of financing. The investment was led by Fortune Capital and backed by Junshang Investment, Zhongxiang Capital and other institutions.
Prior to the current injection, the platform had received investment from Zhejiang Financial Holding Investment in an angel round, and tens of millions of yuan from Junshang Investment in the Pre-A round.
Tu Xiaoer is operated with direct management and partnership models, and has grown its shared hotel linens business to nearly 30 cities with supportive systems in marketing, washing warehouse and logistics distribution. It is working with over 600 hotels to serve more than 20,000 rooms and 6 million guests.
Tu Xiaoer will boost its market promotion and operation systems, and it plans to cover 100,000 rooms in 70 cities by the end of 2018.